Power Integrations Selects Kinaxis for Global Supply Chain Management
Kinaxis® (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced Power Integrations™ (Nasdaq: POWI), will deploy Kinaxis RapidResponse to consolidate planning activities on a single platform.
As a leading innovator in the development and production of semiconductor technologies, Power Integrations selected RapidResponse and its unique ability to provide end-to-end supply chain visibility, to improve its focus on order and customer fulfillment. Power Integrations recognized the need to manage its supply chain from a global perspective on a unified platform, keeping themselves at the leading edge of systems and processes.
“Through RapidResponse we will gain the ability to concurrently plan and trial unique scenarios in near-real-time,” said Power Integrations Vice President of Operations, Raja Petrakian. “This allows us to more accurately forecast our consumption of inventory based on a variety of demand-based scenarios.”
“Concurrent planning is the essential philosophy that is driving the digital transformation of global supply chains,” said Kinaxis CEO John Sicard. “With RapidResponse, Power Integrations will be able to ‘know sooner and act faster’, gaining the ability to run multiple reality-based scenarios to help drive their decision-making process. Power Integrations will gain a better understanding of end-to-end customer fulfillment and the financial impacts of their supply chain planning decisions.”
RapidResponse will drive Power Integrations’ effectiveness through tight integration and alignment of all planning functions, facilitating continuous orchestration of the enterprise’s operations performance. RapidResponse dynamically balances supply and demand in response to ever-changing conditions and enables effective collaboration in order to choose a sales and operations plan that most closely aligns with corporate financial goals.
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of, and demand for, Kinaxis’ products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
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